With a little help from an anchor

摘要: Contingent valuation enjoys increasing popularity among transport, environmental and health economists, though the method has often been criticized. We discuss main points of controversy, with a focus on anchoring effects. Available literature indicates that higher ambiguity, lower familiarity, relevance or involvement problem, more trustworthy source plausible bid tend to be associated stronger In two studies informal caregivers we found respondents use all sorts anchors when eliciting their value time. end discussion substantive significance CV for economics.